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German stocks - Factors to watch on August 5
August 5, 2013 / 5:08 AM / 4 years ago

German stocks - Factors to watch on August 5

FRANKFURT, Aug 5 (Reuters) - The DAX top-30 index looked set to open unchanged on Monday, according to premarket data from brokerage Lang & Schwarz at 0620 GMT.

The following are some of the factors that may move German stocks:


Indicated 0.3 percent lower

The carmaker plans to build a new plant in Brazil as rising taxes on foreign vehicles make it more difficult to sell imported cars in the Latin American country, a magazine reported on Sunday.

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Indicated 0.3 percent lower

The German utility will sell its 50 percent stake in U.S. liquefied natural gas (LNG) company Excelerate Energy to the co-owner, George B. Kaiser, the company said on Friday.

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Indicated 0.2 percent higher

Goldman Sachs has teamed up with Allianz to make a 2 billion pound ($3 billion) bid for a 30 percent stake in Yorkshire Water, the Sunday Times reported.

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Munich Re indicated unchanged

No indication available for Talanx

Financial watchdog Bafin said Germany could quit talks on new risk rules for Europe’s insurance industry if regulators try to impose a ‘one size fits all’ deadline for insurers to adapt to them.

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Indicated 0.2 percent higher

The flavour and scent maker is focusing its acquisition strategy on food technology start-ups in the Americas, Asia and in emerging markets - a particular target for sales growth, its chief executive told a German newspaper.

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Dow Jones +0.2 pct, S&P 500 +0.2 pct, Nasdaq +0.4 pct at Friday’s close.

Nikkei -1.4 pct at Monday’s close.


July Services PMI due at 0753 GMT. Seen at 52.5.



REUTERS TOP NEWS ($1 = 0.6548 British pounds) (Reporting by Maria Sheahan and Ludwig Burger)

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